Birddog Technology Ltd. (AU:BDT) has released an update.
BirdDog Technology Ltd. has reached a confidential settlement in its legal dispute with Bolin Technology, incurring a cash outflow of $1.6 million and a $3.3 million charge to its income statement for the 2024 financial year. Despite the costs, BirdDog anticipates mitigating the cash impact through the sale of $1.6 million worth of product received as part of the settlement. CEO Dan Miall expresses relief at resolving the costly and distracting legal issues, allowing the company to refocus on its business and recent product launches.
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